What should you pay attention to in your business, and what's not important? Key risks and success factors are the highest leverage points of a business - learn how to control them.
3. What are YOUR Success Factors?
• What is it about your business that makes things successful
• Examples…
• Execution
• Financial sustainability
• Targeted marketing
• The right niche
4. Keep an eye out for these Key Risks!
• Things that could kill your company
• Examples
• Product launches/new service offerings
• Alienating your base
• Taking on too much business/growing too fast
• Hiring the wrong people
• Putting all your eggs in one basket
• Incurring too much debt (esp. in initial stages)
• On average, a company should be profitable on year 3